Deere & Company (DE)
Operating return on assets (Operating ROA)
| Jan 28, 2024 | Oct 29, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 29, 2023 | Oct 30, 2022 | Jul 31, 2022 | May 1, 2022 | Jan 30, 2022 | Oct 31, 2021 | Aug 1, 2021 | May 2, 2021 | Jan 31, 2021 | Nov 1, 2020 | Aug 2, 2020 | May 3, 2020 | Feb 2, 2020 | Nov 3, 2019 | Jul 28, 2019 | Apr 28, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 19,476,000 | 12,958,000 | 12,888,000 | 12,018,000 | 10,790,000 | 9,507,000 | 8,243,000 | 7,840,000 | 7,609,000 | 8,012,000 | 7,624,000 | 6,771,000 | 5,297,000 | 4,304,000 | 3,917,000 | 3,721,000 | 4,292,000 | 4,416,000 | 4,562,000 | 4,651,000 |
| Total assets | US$ in thousands | 101,371,000 | 104,087,000 | 103,397,000 | 98,347,000 | 91,620,000 | 90,030,000 | 86,817,000 | 84,099,000 | 79,614,000 | 84,114,000 | 80,688,000 | 78,979,000 | 75,480,000 | 75,091,000 | 77,264,000 | 77,326,000 | 71,821,000 | 73,011,000 | 73,530,000 | 72,730,000 |
| Operating ROA | 19.21% | 12.45% | 12.46% | 12.22% | 11.78% | 10.56% | 9.49% | 9.32% | 9.56% | 9.53% | 9.45% | 8.57% | 7.02% | 5.73% | 5.07% | 4.81% | 5.98% | 6.05% | 6.20% | 6.39% |
January 28, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $19,476,000K ÷ $101,371,000K
= 19.21%
The operating return on assets (operating ROA) for Deere & Co. has shown a generally positive trend over the past eight quarters, indicating improved efficiency in generating operating profits from its assets. In the most recent quarter, Q1 2024, the operating ROA increased to 12.88%, reaching a peak compared to the preceding quarters. This suggests that the company has been effectively utilizing its assets to generate operating income.
The operating ROA has been steadily increasing since Q1 2023, reflecting a consistent improvement in the company's operational efficiency. The average operating ROA over the past two years appears to be on an upward trajectory, indicating a positive trend in the company's asset management and operational performance.
Furthermore, the operating ROA has consistently been above 10% since Q4 2022, suggesting that Deere & Co. has been successful in optimizing its asset utilization and operational productivity. This indicates that the company is generating a favorable return on the assets it owns and operates.
Overall, the trend in Deere & Co.'s operating ROA demonstrates a positive outlook for the company's operational performance and efficiency in utilizing its assets to generate profits.
Peer comparison
Jan 28, 2024